Investrust Wealth launches new fund

Friday, 30 May 2014 00:00 - - {{hitsCtrl.values.hits}}

Investrust Wealth Management Ltd., a member of Investrust Holdings Ltd., yesterday announced the a launch of the ‘Investrust Money’ money market fund and a discretionary portfolio management service that it will be available to the public from next month. Investrust Wealth Management Ltd. (formerly known as Orient Wealth Ltd.) is a Securities Exchange Commission of Sri Lanka (SEC) regulated unit trust management company, which currently manages Orient Gilt Edged Fund, Orient Corporate Debt Fund and Orient Equity Fund, and an accredited investment manager approved by the SEC.

Investrust Money Fund offers capital safety, liquidity, short term investment opportunity and gives a return above regular savings rates prevailing at a given time period and tax benefits to the investor. Investrust Money Fund will be invested in a diversified portfolio of high quality money market instruments that comprises Government securities and short-term corporate debt securities. The fund seeks to maximise current income consistent with preserving capital while maintaining daily liquidity. The assets of the fund are held by the custodian, Deutsche Bank AG. The rights and interests of the unit holders are protected by the trustee. Unit trusts are duly regulated by the SEC under the SEC Act and the Unit Trust Code. Investrust Wealth believes that a high quality portfolio management delivers significant value and a range of solutions are essential to meet different investors’ needs. Total Investrust Wealth Funds proposition offers the most comprehensive range of portfolio management solutions in the capital markets. Investrust Holdings Ltd. (IHL) is a full-service investment banking company that provides investment banking advisory services, wealth management and securities trading facilities. Investrust Capital Ltd., which is a subsidiary of Investrust Holdings Ltd., has excelled in the areas of corporate debt and capital markets of Sri Lanka since its incorporation in 2005. It has raised over Rs. 60 b in the form of debt instruments for local corporate entities. In addition, IHL’s newly-formed subsidiary, Straitslink Capital Ltd., a fund management company duly incorporated in Singapore under the category of Registered Fund Management Companies (RFMC) of Monetary Authority of Singapore (MAS) (Pending License), is currently in the process of launching its international fund management activities.